AXQ Capital LP Takes $4.92 Million Position in Circle Internet Group, Inc. $CRCL

Key Points

• AXQ Capital LP acquired 78,504 shares of Circle Internet Group during the second quarter, valued at approximately $4.92 million and representing 0.5% of its portfolio.
• Circle’s stock opened at $103.08, with a market capitalization of $26.17 billion. Its latest quarterly earnings missed analyst expectations, although revenue increased 6.6% year over year to $701.32 million.
• Analyst sentiment is mixed, with a consensus “Hold” rating and average price target of $99.35; insiders have sold roughly $165 million of shares over the past three months.

AXQ Capital LP acquired a new position in Circle Internet Group, Inc. (NYSE:CRCL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 78,504 shares of the company's stock, valued at approximately $4,917,000. Circle Internet Group makes up 0.5% of AXQ Capital LP's portfolio, making the stock its 20th largest position.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in shares of Circle Internet Group by 17.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 255,222 shares of the company's stock valued at $20,239,000 after buying an additional 38,567 shares during the last quarter. Travelers Companies Inc. acquired a new position in Circle Internet Group in the fourth quarter worth approximately $9,557,000. Public Employees Retirement System of Ohio acquired a new position in Circle Internet Group in the second quarter worth approximately $5,539,000. Fifth Third Bancorp bought a new position in Circle Internet Group during the first quarter valued at approximately $7,282,000. Finally, Alberta Investment Management Corp acquired a new stake in Circle Internet Group in the fourth quarter valued at approximately $25,027,000.

More Circle Internet Group News

Here are the key news stories impacting Circle Internet Group this week:

• Positive Sentiment: Investors are interpreting Washington’s stablecoin policy push as a major catalyst for Circle. The regulatory progress could accelerate adoption of its USDC stablecoin and support a higher valuation for the company. Circle Internet Surges 14% Despite Wall Street Building Rival Stablecoin; Coinbase Spikes 10%
• Positive Sentiment: A reported historic banking approval, Circle’s compliance infrastructure, and expanding use cases—including AI micropayments and U.S. Treasury-market applications—are reinforcing the bullish thesis that Circle can become a leading stablecoin platform. Circle: Monopoly & Banking Charter Drive AI Growth

Circle Internet Group Price Performance

Shares of CRCL opened at $103.08 on Friday. The company has a market capitalization of $26.17 billion, a PE ratio of 70.60 and a beta of 0.59. Circle Internet Group, Inc. has a one year low of $49.90 and a one year high of $159.47. The company's fifty day moving average price is $71.80 and its 200 day moving average price is $88.70.

Circle Internet Group (NYSE:CRCL - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.08). Circle Internet Group had a net margin of 15.53% and a return on equity of 13.58%. The business had revenue of $701.32 million during the quarter. During the same quarter in the prior year, the company posted ($4.48) earnings per share. The business's revenue was up 6.6% compared to the same quarter last year. Analysts anticipate that Circle Internet Group, Inc. will post 1.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. KeyCorp assumed coverage on shares of Circle Internet Group in a research report on Tuesday, May 26th. They issued a "sector weight" rating for the company. TD Cowen lifted their price objective on shares of Circle Internet Group from $82.00 to $87.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Raymond James Financial initiated coverage on shares of Circle Internet Group in a report on Tuesday, July 21st. They issued a "market perform" rating for the company. Canaccord Genuity Group lowered their target price on shares of Circle Internet Group from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Thursday, August 6th. Finally, Morgan Stanley cut their target price on Circle Internet Group from $38.00 to $37.00 and set an "underweight" rating on the stock in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $99.35.

Insider Transactions at Circle Internet Group

In other news, CAO Tamara L. Schulz sold 1,194 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $87.87, for a total value of $104,916.78. Following the completion of the sale, the chief accounting officer directly owned 96,473 shares of the company's stock, valued at approximately $8,477,082.51. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Patrick Neville sold 50,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $92.09, for a total transaction of $4,604,500.00. Following the completion of the sale, the director owned 2,018 shares in the company, valued at approximately $185,837.62. The trade was a 96.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 2,115,391 shares of company stock worth $164,980,929. Insiders own 10.85% of the company's stock.

About Circle Internet Group

Circle Internet Group NYSE: CRCL is a financial technology company that builds infrastructure to enable businesses and developers to use and move money on public blockchains. Co-founded by Jeremy Allaire and Sean Neville, the company is best known as a principal issuer and steward of USDC, a dollar-pegged stablecoin developed through the CENTRE Consortium, which Circle co-founded with Coinbase. Jeremy Allaire serves as CEO and has been a visible leader in the company’s strategy and public engagement around digital currency and payments innovation.

Circle’s core products and services center on digital currency issuance and programmable payments.

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